The US administration of the next four years has no intention of making a principal payment on the debt. They borrowed $7 trillion before, they can do it again. If a country dumps their US treasury bonds, the administration will impose tariffs on them.
I think it's interesting to compare other countries. 120 years ago the UK was the most powerful empire in history. Now 36% of UK children live in poverty, and 43% of single parent families and families with three or more children live in poverty. Over 40% of UK families from Asia/Caribbean live in deep, persistent poverty.
Many in the US are really close to that, and describe it as a "poor economy". They may have an iPhone, but they can't afford it.
I think it's interesting to compare other countries. 120 years ago the UK was the most powerful empire in history. Now 36% of UK children live in poverty, and 43% of single parent families and families with three or more children live in poverty. Over 40% of UK families from Asia/Caribbean live in deep, persistent poverty.
Many in the US are really close to that, and describe it as a "poor economy". They may have an iPhone, but they can't afford it.